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Building the Future of West Las Vegas
Empowering Communities, Driving Innovation, and Creating Sustainable Wealth
Overview of the Revolution Wealth OZ Fund
The Revolution Wealth OZ Fund is a transformative initiative led by SourceEnergy Capital, designed to drive economic empowerment and sustainable development in West Las Vegas. The fund leverages Opportunity Zone (OZ) incentives to attract private investment into underdeveloped communities, with a focus on creating long-term wealth and prosperity for residents.
Goals in West Las Vegas:
- Economic Revitalization:
- The fund aims to stimulate economic growth in West Las Vegas by supporting local businesses, creating jobs, and attracting new industries. By investing in key sectors such as renewable energy, real estate, and technology, the fund seeks to transform the area into a thriving economic hub.
- Community Empowerment:
- A core objective is to empower local residents through the establishment of Family Wealth Trusts, which allow households to actively participate in the community’s economic growth. The “1 Trust 1 Vote” system within the Community Development Entity (CDE) ensures that each family has a voice in local governance and decision-making.
- Sustainable Development:
- The fund is committed to promoting sustainability through the development of green energy projects, such as the 5 MW solar energy prototype in partnership with the Nevada Clean Energy Fund (NCEF). These initiatives aim to reduce the community’s carbon footprint while providing long-term energy solutions.
- Education and Workforce Development:
- In collaboration with Historically Black Colleges and Universities (HBCUs) and local educational institutions, the fund will establish programs to prepare residents for the jobs of the future. This includes training in technology, renewable energy, and other high-demand industries.
- Cultural and Social Impact:
- The Revolution Wealth OZ Fund is dedicated to preserving and celebrating the cultural heritage of West Las Vegas. By supporting local arts, entertainment, and cultural initiatives, the fund seeks to enhance the community’s social fabric and create a vibrant, inclusive environment for all residents.
The Revolution Wealth OZ Fund represents a bold and innovative approach to community development, focused on building a prosperous and sustainable future for West Las Vegas.